This property looks like a bad Long-Term investment with a projected -5.52% first-year return on $65,226 initial cash invested.
-5.52%
Cash On Cash
5.75%
Cap Rate
0.89
DSCR
$2,508
Rent
-$300
Cashflow
Cash Flow
$2,508 income − $2,808 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,226
Downpayment
20%
$62,120
Closing costs
1%
$3,106
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,508
Total Expenses
$2,808
Mortgage P&I
66%
$1,663
Property Taxes
15%
$384
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0